Record Details

Restructuring companies under crisis. A real case study

Annals of Spiru Haret University. Economic Series

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Field Value
 
Title Restructuring companies under crisis. A real case study
 
Creator SHAYB, Hezi Aviram
 
Subject —
Lack of planning,right planning, crisis, exposure to risk, restructuring
M21, O21
 
Description Nobody is planning to fail, but many companies are failing because of lack of planning.Real business experience showed during the years that crisis can be prevented, avoided or limited. If detected in time, the risks associated with the crisis can be mitigated and the effects can be diminished, with the condition that the actions required are done fast, in a sharp and accurate manner.            When it comes, a crisis brings intense level of pressure and under these conditions there is no time or room for mistakes. Delays, losing focus and lack of planning will bring a company one step away from failure.             The right way to deal with crisis, if required measures are not done in time, is to minimize the losses and reposition in the best way possible.            Analyzing the success stories of some of the biggest and strongest companies in the world, led to an important conclusion: the majority of these companies were in the situation to face huge crises that threatened their ability to survive in certain moments on their way to success.            With the right planning and by setting a proper organizational structure, the negative aspects of the crisis can be turned into benefits and opportunities for the company.            The most critical challenge for management is to assess the level of exposure to risk of the company and identify the key points to focus on in order to overcome the crisis and create value.             In order to set up a strong plan in dealing with crisis, a business organization needs reliable, efficient and effective tools and this is what this article is all about. 
 
Publisher Editura Fundatiei Romania de Maine
 
Contributor —
 
Date 2017-09-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://anale.spiruharet.ro/index.php/economics/article/view/17311
10.26458/17311
 
Source Annals of Spiru Haret University. Economic Series; Vol 17, No 3 (2017); 141-147
2393-1795
 
Language eng
 
Relation http://anale.spiruharet.ro/index.php/economics/article/view/17311/pdf
 
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Rights Copyright (c) 2017 Hezi Aviram SHAYB
http://creativecommons.org/licenses/by-nc-sa/4.0